Rule 8.1 - SOMERFIELD PLC
FORM 8.1
DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES
FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS
(Rules 8.1(a) and (b)(i) of The City Code on Takeovers and Mergers)
Name of purchaser/vendor * BARCLAYS PLC
Company dealt in SOMERFIELD PLC
Relevant security dealt in ORD GBP 0.10
Name of offeree/offeror with APAX Partners Worldwide LLP, Barclays Capital and Tchenguiz
which associated Family Trust
Specify category and nature
of associate status #
Date of dealing 28 JULY 2005
DEALINGS †
Amount bought Price per unit (currency must be stated)
Amount sold Price per unit (currency must be stated)
48,000 1.9992
Resultant total amount and
percentage of the same
relevant security owned or
controlled 65,206,437 (11.90%)
IS A SUPPLEMENTAL FORM 8 (DERIVATIVE)/FORM 8 (OPTION) ATTACHED? YES
Date of disclosure 29 JULY 2005
Contact name BARCLAYS CORPORATE SECRETARIAT
Telephone number 0207 116 2913
*Specify the owner or controller in addition to the person dealing. The naming
of nominees or vehicle companies is insufficient. In the case of disclosure
of dealings by fund managers on behalf of discretionary clients, the clients
need not be named.
#See the definition of "associate" in the Definitions Section of the Code.
†If disclosing dealings/holdings in derivatives or options, please attach
Supplemental Form 8 (Derivative) or Supplemental Form 8 (Option), as
appropriate.
For details of the Code's dealing disclosure requirements, see Rule 8 and its
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.
This transaction has taken place as a consequence of the closing out of pre-existing swaps at the request of clients.
The Panel Executive has informed Barclays PLC on an ex parte basis that such transactions are permitted and have no Code
consequences.
SUPPLEMENTAL FORM 8 (DERIVATIVE)
DEALINGS/HOLDINGS IN DERIVATIVES
(This form should be attached to Form 8.1, Form 8.1(b)(ii), Form 8.2 or Form 8.3, as appropriate)
Description of all derivative products CFD - A purchaser of a CFD will realise
disclosed on this form a gain if the price of the underlying security
goes up. A seller of a CFD will realise a gain
if the price of the underlying security goes down.
The CFD contracts are open ended and there is no
rollover into new contracts.
Equity Swaps : an equity swap is a product
where an agreement between two counterparties
sees one party receive the return on an asset
from the other party and makes a payment to
the other party based on a fixed or floating
rate of interest. The return can be either
the price return or the total return
(i.e. including dividends).
Full details of any agreement, arrangement
or understanding between the person
disclosing and any other person relating
to the voting rights or future acquisition
or disposal of any relevant securities to
which any derivative referred to on this
form is referenced. If none, this should
be stated.
WRITING/ENTERING INTO A DERIVATIVE
Product name Transaction Writing/ Number of Reference price Maturity date
eg long CFD date entering into securities (currency
(indicate as to which the must be stated)
applicable) derivative
is referenced
CLOSING OUT A DERIVATIVE
Product name Transaction Number of Reference price Closing out price
eg long CFD date securities (currency (currency must be
to which the must be stated) stated)
derivative
is referenced
Swap 28/07/2005 48,000 1.9992 GBP 1.9992 GBP
DETAILS OF OPEN DERIVATIVES (excluding any transaction set out above)
Product name Transaction Written/ Number of Reference price Maturity date
eg long CFD date entered into securities (currency
(indicate as to which the must be stated)
applicable) derivative
is referenced
Short CFD 17/09/2004 Written 80,185 1.3602 GBP
Short CFD 20/09/2004 Written 27,700 1.3525 GBP
Short CFD 20/09/2004 Written 5,707 1.3500 GBP
Short CFD 21/09/2004 Written 55,157 1.3436 GBP
Short CFD 22/09/2004 Written 36,067 1.3497 GBP
Short CFD 22/09/2004 Written 314 1.3500 GBP
Short CFD 24/09/2004 Written 15,000 1.3141 GBP
Short CFD 27/09/2004 Written 61,676 1.3220 GBP
Short CFD 28/09/2004 Written 46,688 1.2889 GBP
Short CFD 29/09/2004 Written 66,940 1.2909 GBP
Short CFD 30/09/2004 Written 46,775 1.2676 GBP
Long CFD 01/10/2004 Written 21,095 1.2628 GBP
Short CFD 01/10/2004 Written 20,157 1.2727 GBP
Long CFD 04/10/2004 Written 23,316 1.3012 GBP
Short CFD 04/10/2004 Written 1,500 1.2625 GBP
Long CFD 05/10/2004 Written 18,300 1.3214 GBP
Long CFD 06/10/2004 Written 15,914 1.3475 GBP
Long CFD 07/10/2004 Written 6,381 1.3450 GBP
Short CFD 07/10/2004 Written 29,405 1.3475 GBP
Short CFD 08/10/2004 Written 4,100 1.3375 GBP
Long CFD 11/10/2004 Written 10,000 1.3575 GBP
Short CFD 11/10/2004 Written 4,300 1.3450 GBP
Long CFD 13/10/2004 Written 7,860 1.3625 GBP
Long CFD 15/10/2004 Written 17,863 1.3037 GBP
Long CFD 19/10/2004 Written 14,648 1.3305 GBP
Short CFD 19/10/2004 Written 23,082 1.3050 GBP
Short CFD 20/10/2004 Written 6,200 1.3250 GBP
Short CFD 21/10/2004 Written 24,704 1.3395 GBP
Short CFD 22/10/2004 Written 900 1.3300 GBP
Long CFD 25/10/2004 Written 58,240 1.3167 GBP
Short CFD 25/10/2004 Written 5,644 1.3225 GBP
Short CFD 26/10/2004 Written 28,561 1.3167 GBP
Short CFD 27/10/2004 Written 10,000 1.3300 GBP
Short CFD 28/10/2004 Written 25,353 1.3627 GBP
Short CFD 29/10/2004 Written 9,300 1.3375 GBP
Long CFD 03/11/2004 Written 38,674 1.3375 GBP
Long CFD 10/11/2004 Written 12,689 1.3975 GBP
Short CFD 10/11/2004 Written 52,629 1.3795 GBP
Long CFD 12/11/2004 Written 97,006 1.4467 GBP
Short CFD 12/11/2004 Written 10,000 1.4450 GBP
Short CFD 15/11/2004 Written 41,246 1.4305 GBP
Short CFD 16/11/2004 Written 12,400 1.4375 GBP
Short CFD 17/11/2004 Written 10,000 1.4425 GBP
Short CFD 17/11/2004 Written 60,221 1.4378 GBP
Short CFD 18/11/2004 Written 12,300 1.4243 GBP
Short CFD 19/11/2004 Written 13,455 1.4508 GBP
Short CFD 23/11/2004 Written 9,292 1.4600 GBP
Short CFD 23/11/2004 Written 108,353 1.4559 GBP
Short CFD 29/11/2004 Written 10,000 1.5225 GBP
Short CFD 29/11/2004 Written 2,349 1.4956 GBP
Long CFD 30/11/2004 Written 7,632 1.5297 GBP
Short CFD 01/12/2004 Written 9,555 1.5350 GBP
Short CFD 01/12/2004 Written 3,711 1.5306 GBP
Short CFD 03/12/2004 Written 71,777 1.5461 GBP
Long CFD 06/12/2004 Written 21,883 1.5411 GBP
Long CFD 07/12/2004 Written 92,498 1.5554 GBP
Short CFD 07/12/2004 Written 2,764 1.5462 GBP
Long CFD 08/12/2004 Written 28,117 1.5675 GBP
Short CFD 08/12/2004 Written 6,818 1.5505 GBP
Long CFD 09/12/2004 Written 3,500 1.5670 GBP
Long CFD 10/12/2004 Written 11,000 1.5525 GBP
Short CFD 13/12/2004 Written 15,700 1.5612 GBP
Short CFD 14/12/2004 Written 26,958 1.5444 GBP
Long CFD 16/12/2004 Written 7,700 1.5675 GBP
Long CFD 17/12/2004 Written 62,561 1.6111 GBP
Long CFD 22/12/2004 Written 12,600 1.5786 GBP
Long CFD 29/12/2004 Written 11,998 1.5725 GBP
Long CFD 29/12/2004 Written 5,385 1.5773 GBP
Long CFD 30/12/2004 Written 458 1.5725 GBP
Long CFD 04/01/2005 Written 30,885 1.5889 GBP
Short CFD 04/01/2005 Written 10,000 1.5875 GBP
Long CFD 05/01/2005 Written 74,235 1.5861 GBP
Long CFD 05/01/2005 Written 9,889 1.5859 GBP
Short CFD 05/01/2005 Written 14,300 1.5904 GBP
Long CFD 06/01/2005 Written 29,604 1.5730 GBP
Short CFD 07/01/2005 Written 1,813 1.5501 GBP
Long CFD 10/01/2005 Written 23,204 1.5461 GBP
Long CFD 11/01/2005 Written 14,913 1.5325 GBP
Long CFD 12/01/2005 Written 14,173 1.5315 GBP
Long CFD 13/01/2005 Written 18,913 1.5661 GBP
Long CFD 14/01/2005 Written 16,185 1.5529 GBP
Short CFD 14/01/2005 Written 17,575 1.5519 GBP
Short CFD 14/01/2005 Written 25,786 1.5572 GBP
Long CFD 18/01/2005 Written 12,035 1.5375 GBP
Long CFD 18/01/2005 Written 21,572 1.5375 GBP
Long CFD 19/01/2005 Written 54,482 1.4993 GBP
Long CFD 19/01/2005 Written 14,900 1.5050 GBP
Short CFD 19/01/2005 Written 10,000 1.5075 GBP
Long CFD 20/01/2005 Written 29,960 1.5164 GBP
Long CFD 21/01/2005 Written 48,358 1.5262 GBP
Long CFD 21/01/2005 Written 3,975 1.5300 GBP
Long CFD 24/01/2005 Written 44,846 1.5166 GBP
Long CFD 26/01/2005 Written 44,380 1.5035 GBP
Long CFD 27/01/2005 Written 6,270 1.5250 GBP
Short CFD 31/01/2005 Written 53,480 1.5560 GBP
Long CFD 03/02/2005 Written 6,746 1.5450 GBP
Short CFD 04/02/2005 Written 135,357 1.5808 GBP
Short CFD 04/02/2005 Written 127,198 1.5990 GBP
Long CFD 07/02/2005 Written 700 1.6225 GBP
Long CFD 07/02/2005 Written 25,926 1.6179 GBP
Long CFD 08/02/2005 Written 2,758 1.6123 GBP
Long CFD 09/02/2005 Written 153,030 1.8109 GBP
Short CFD 09/02/2005 Written 42,881 1.8414 GBP
Short CFD 09/02/2005 Written 83,315 1.8334 GBP
Long CFD 10/02/2005 Written 21654 1.8475 GBP
Long CFD 10/02/2005 Written 17,000 1.8475 GBP
Short CFD 10/02/2005 Written 40584 1.8475 GBP
Short CFD 10/02/2005 Written 56,064 1.8587 GBP
Long CFD 11/02/2005 Written 2,454 1.8700 GBP
Short CFD 11/02/2005 Written 18,120 1.8750 GBP
Short CFD 11/02/2005 Written 32,755 1.8762 GBP
Short Swap 11/02/2005 Entered Into 496,859 1.8800 GBP 11/03/2006
Long Swap 11/02/2005 Entered Into 300,000 1.8800 GBP 11/03/2006
Short Swap 11/02/2005 Entered Into 2,427,926 1.8800 GBP 11/03/2006
Long CFD 14/02/2005 Written 22,860 1.8525 GBP
Long CFD 15/02/2005 Written 9,500 1.8675 GBP
Short CFD 15/02/2005 Written 12,930 1.8700 GBP
Short CFD 15/02/2005 Written 22,214 1.8725 GBP
Long CFD 16/02/2005 Written 51,123 1.8675 GBP
Long CFD 16/02/2005 Written 33 1.8675 GBP
Short CFD 16/02/2005 Written 15,522 1.8725 GBP
Short CFD 16/02/2005 Written 51,471 1.8725 GBP
Short Swap 17/02/2005 Entered Into 46,250 1.86275 GBP 11/03/2006
Short Swap 17/02/2005 Entered Into 3,750 1.86275 GBP 11/03/2006
Short CFD 18/02/2005 Written 10,000 1.8675 GBP
Short CFD 18/02/2005 Written 65,522 1.8657 GBP
Long CFD 21/02/2005 Written 23,404 1.8600 GBP
Long CFD 22/02/2005 Written 82,023 1.8806 GBP
Long CFD 23/02/2005 Written 83,313 1.8872 GBP
Short CFD 23/02/2005 Written 42,358 1.8825 GBP
Short CFD 24/02/2005 Written 50,000 1.8750 GBP
Short CFD 24/02/2005 Written 41,262 1.8895 GBP
Short CFD 25/02/2005 Written 37,258 1.8646 GBP
Short CFD 25/02/2005 Written 48,241 1.8609 GBP
Short CFD 28/02/2005 Written 10,000 1.8675 GBP
Long CFD 01/03/2005 Written 1,700 1.8900 GBP
Long CFD 01/03/2005 Written 18,700 1.8775 GBP
Short CFD 03/03/2005 Written 34,964 1.8564 GBP
Short CFD 03/03/2005 Written 1,036 1.8600 GBP
Long CFD 07/03/2005 Written 35,378 1.8762 GBP
Long CFD 10/03/2005 Written 27453 1.8775 GBP
Short CFD 11/03/2005 Written 85,085 1.8846 GBP
Short CFD 11/03/2005 Written 27,771 1.8821 GBP
Short CFD 14/03/2005 Written 15,841 1.8950 GBP
Long CFD 16/03/2005 Written 14,914 1.8965 GBP
Short CFD 16/03/2005 Written 10,000 1.9025 GBP
Long CFD 17/03/2005 Written 42,491 1.8800 GBP
Long CFD 21/03/2005 Written 23,840 1.8975 GBP
Long CFD 22/03/2005 Written 10,000 1.9675 GBP
Short CFD 22/03/2005 Written 76,631 1.9821 GBP
Long Swap 22/03/2005 Entered Into 160,000 1.8800 GBP 11/03/2006
Long CFD 23/05/2005 Written 42,998 1.9250 GBP
Long CFD 24/05/2005 Written 19,915 2.0225 GBP
Short CFD 24/05/2005 Written 321,352 2.0450 GBP
Long CFD 29/03/2005 Written 26,700 2.0675 GBP
Long CFD 29/03/2005 Written 12,000 2.0675 GBP
Short CFD 29/03/2005 Written 145,818 2.0676 GBP
Long Swap 29/03/2005 Entered Into 7,987 1.8800 GBP 11/03/2006
Long Swap 29/03/2005 Entered Into 99,013 1.8800 GBP 11/03/2006
Long CFD 30/03/2005 Written 7,000 2.0750 GBP
Short CFD 30/03/2005 Written 79,936 2.0833 GBP
Short CFD 31/03/2005 Written 101,334 2.1071 GBP
Short CFD 01/04/2005 Written 127,969 2.1227 GBP
Long CFD 07/04/2005 Written 102,103 2.1404 GBP
Long CFD 08/04/2005 Written 85,859 2.1304 GBP
Long CFD 11/04/2005 Written 38,450 2.1351 GBP
Long CFD 12/04/2005 Written 34,500 2.0775 GBP
Short CFD 12/04/2005 Written 6,300 2.1525 GBP
Long Swap 14/06/2005 Entered Into 64,000 1.9734 GBP
Long Swap 01/07/2005 Entered Into 128,000 1.9493 GBP